Wheat futures hovered around $5.5 per bushel on Friday, near the three-month high of $5.525 touched on February 12, as improving supply expectations tempered the earlier rally. Gains initially driven by weather concerns and export optimism faded as tangible increases in global availability came into focus. India’s decision to reopen exports with a 2.5 million-ton allocation, alongside Argentina’s record harvest and strong shipment pace, injected fresh supply into an already well-stocked market. At the same time, USDA revisions lifted US ending stocks to their highest level since the 2019/20 season, while global inventories remain comfortable by recent standards, reinforcing buyers’ leverage. Early February freezes also caused only limited damage to US winter wheat crops, easing fears of a weather-related shortfall and further capping upside momentum.

Wheat fell to 549.25 USd/Bu on February 13, 2026, down 0.59% from the previous day. Over the past month, Wheat's price has risen 7.17%, but it is still 8.46% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Wheat reached an all time high of 1350 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on February 14 of 2026.

Wheat fell to 549.25 USd/Bu on February 13, 2026, down 0.59% from the previous day. Over the past month, Wheat's price has risen 7.17%, but it is still 8.46% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 523.07 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 490.52 in 12 months time.



Price Day Month Year Date
Soybeans 1,133.00 -4.25 -0.37% 8.68% 9.36% Feb/13
Wheat 549.25 -3.25 -0.59% 7.17% -8.46% Feb/13
Lumber 598.50 2.50 0.42% -0.75% -1.97% Feb/13
Cheese 1.53 -0.0490 -3.10% 8.89% -19.04% Feb/13
Palm Oil 4,001.00 -45.00 -1.11% -1.04% -11.13% Feb/13
Milk 15.06 0 0% 1.96% -25.92% Feb/13
Cocoa 3,673.00 -51.00 -1.37% -27.84% -63.96% Feb/13
Cotton 64.16 -0.167 -0.26% -1.27% -4.43% Feb/13
Rubber 192.50 -0.40 -0.21% 4.90% -6.01% Feb/13
Orange Juice 184.00 13.65 8.01% -6.91% -45.79% Feb/13
Coffee 296.25 -1.20 -0.40% -16.78% -29.41% Feb/13
Oat 309.25 0.2525 0.08% 7.66% -8.37% Feb/13
Wool 1,693.00 16.00 0.95% 9.86% 42.03% Feb/13
Rice 11.07 -0.1350 -1.21% 4.44% -21.05% Feb/13
Canola 675.10 -4.10 -0.60% 7.45% 1.96% Feb/13
Sugar 13.55 0.07 0.52% -7.70% -33.53% Feb/13
Corn 431.75 0.5000 0.12% 2.31% -13.00% Feb/13



Related Last Previous Unit Reference
United States Corn Stocks 13.28 1.53 Billion Bushels Dec 2025
United States Soybean Stocks 3.29 0.32 Billion Bushels Dec 2025
United States Wheat Stocks 1.68 2.12 Billion Bushels Dec 2025

Wheat
Wheat Futures are available for trading in The Chicago Board of Trade (CBOT), Euronext, Kansas City Board of Trade (KCBT) and the Minneapolis Grain Exchange (MGEX). The standard contract unit is 5,000 bushels. The biggest wheat producers are China, India, Russia, the US, France, Australia, and Canada. Russia is the biggest exporter of wheat followed by the United States, Canada, France, Ukraine, Australia, and Argentina. Ukraine and Russia accounted for nearly 30% of global wheat exports before the Russian invasion of Ukraine. Wheat prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
549.25 552.50 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat at 548.45USd/BU
Wheat futures hovered around $5.5 per bushel on Friday, near the three-month high of $5.525 touched on February 12, as improving supply expectations tempered the earlier rally. Gains initially driven by weather concerns and export optimism faded as tangible increases in global availability came into focus. India’s decision to reopen exports with a 2.5 million-ton allocation, alongside Argentina’s record harvest and strong shipment pace, injected fresh supply into an already well-stocked market. At the same time, USDA revisions lifted US ending stocks to their highest level since the 2019/20 season, while global inventories remain comfortable by recent standards, reinforcing buyers’ leverage. Early February freezes also caused only limited damage to US winter wheat crops, easing fears of a weather-related shortfall and further capping upside momentum.
2026-02-13
Wheat Hits 12-week High
Wheat increased to 545.00 USd/Bu, the highest since November 2025. Over the past 4 weeks, Wheat gained 6.77%, and in the last 12 months, it decreased 5.66%.
2026-02-12
Wheat Drops on Easing Winterkill Concerns
Wheat futures fell below $5.28 per bushel, retreating from eight week highs last seen on January 29th, as supply risks that briefly supported prices have eased while overall availability remains ample. Early February gains driven by weather concerns have faded as short term forecasts reduced extreme cold risks and NOAA now points to wetter conditions later this month, lowering the likelihood of widespread winterkill and easing near term crop loss risks across the Plains and Midwest. Meanwhile, US export commitments are strong, running about 17% higher year on year and close to 90% of the USDA projection, yet expected US ending stocks are only seen edging lower to around 918m bushels, leaving a sizable supply buffer. At the same time, positioning has been pared back ahead of the February WASDE, reinforcing downside pressure, while competitively priced Black Sea and other export supplies continue to cap upside by keeping global availability well supplied.
2026-02-09